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South Korea Plans a Ban on Crypto-Currency Trading

10:15 am on Jan 11, 2018 (gmt 0)

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In what seems a surprising move, the South Korean Government plans to put a ban on crypto-currency trading.
“There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” said Park at a press conference, according to the ministry’s press office. South Korea Plans a Ban on Crypto-Currency Trading [reuters.com]

The immediate result was a drop of 21% in the value of bitcoin locally.

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